Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

TikTok Owner ByteDance to Shut Edtech Biz in India: Report

Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

China-based ByteDance, which is the parent company of short-video making app TikTok, is quitting its edtech business in India, the media reported on Monday.

After the ban on TikTok last year, ByteDance now runs the education learning app Snapsolve and music streaming platform Resso in the country.

According to a report in TechCrunch citing sources, “ByteDance is shutting down its edtech business in India”.

“Most of the employees, if not all, are being let go,” one of the sources said, according to the report, adding that “the edtech division employed over three dozen people in India”.

ByteDance was yet to react to the report.

SnapSolve says it is “the choice of over 1 million Indian students for doubt-solving and learning.” The app helps students from classes 6 to 12.

“SnapSolve is a doubt-solving app providing instant solutions to math, physics, chemistry, biology and science doubts and NCERT book questions. Similar to Vedantu, Byju’s, Doubtnut, Quesgo, Snapsolve is a free learning app that insists on building your unique learning experience,” reads its description on Google Play Store.

The Indian online edtech space is booming, with several new platforms receiving great funding in the remote learning era.

In 2020, the Indian government banned several apps developed by Chinese firms, including TikTok, over concerns that these apps were engaging in activities that threatened the national security and defense of the country.

Reports surfaced this year that ByteDance has started selling the AI technology of the short video-making app to other companies, including in India where the app is banned.

A Financial Times report had said that the company has kicked off a new division called BytePlus and is selling TikTok AI to companies like India-based social gaming platform GamesApp, US fashion app Goat, Singapore travel site WeGo, Indonesian shopping app Chilibeli, among others.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic